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Cobens Direct
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  3. Small cash withdrawal from ISA - timeframes?

Small cash withdrawal from ISA - timeframes?

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  • D Offline
    D Offline
    Ducati996R
    wrote last edited by
    #21

    Hi Adam
    Is that the same for taking a payment from a sipp
    Cheers

    N 1 Reply Last reply
    0
    • A Offline
      A Offline
      Adam Kay
      Global Moderator
      wrote last edited by
      #22

      Nik can answer that more clearly. My understanding is once set up it just ticks along but setting them up takes a number of weeks.

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      • D Ducati996R

        Hi Adam
        Is that the same for taking a payment from a sipp
        Cheers

        N Online
        N Online
        Nik Burrows
        Global Moderator
        wrote last edited by
        #23

        @Ducati996R
        A SIPP withdrawal takes a little longer as it needs to run through FCA questionnaires, Payroll and HMRC
        An ad hoc withdrawal 4 weeks, if you set up a regular income after the initial set up it just pays out each month
        Drop me a message and I can walk you through the process to make it as smooth as possible

        Cheers

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        The value of your investments can go down as well as up, and you may get back less than you invested.

        Cobens is a trading name of Cobens Group Limited which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No. 05850981 at https://register.fca.org.uk .

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